JBM Auto moves up on planning to launch more electric buses in ecologically sensitive western ghats
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JBM Auto is currently trading at Rs. 1413.50, up by 15.90 points or 1.14% from its previous closing of Rs. 1397.60 on the BSE.
The scrip opened at Rs. 1418.95 and has touched a high and low of Rs. 1422.00 and Rs. 1396.80 respectively. So far 14981 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1548.35 on 14-Jul-2023 and a 52 week low of Rs. 361.70 on 28-Sep-2022.
Last one week high and low of the scrip stood at Rs. 1548.35 and Rs. 1370.70 respectively. The current market cap of the company is Rs. 16684.67 crore.
The promoters holding in the company stood at 67.53%, while Institutions and Non-Institutions held 1.75% and 30.72% respectively.
JBM Auto is planning to launch additional electric buses in ecologically sensitive Western Ghats, including Goa. It is considering deploying an end-to-end e-mobility ecosystem across India by devising and manufacturing products in the country. The company's focus will remain on the electric bus segment.
It recently bagged orders for 5,000 electric buses from some state transport undertakings (STUs) and private companies. These orders constitute a combination of General Combination of Contracts (GCC) and independent orders.
JBM Auto is the flagship company of JBM Group.
